Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
Demand of interest and penalty - When the scheme u/s 74 for avoiding a show cause notice is one that is optional to an assessee, the assessee has either to opt for it or look away from it. If assessee opts for the scheme, assessee has to comply with the terms under which the option is made available under the statute. Assessee cannot seek a variation of the said scheme. - HC
Demand of interest and penalty - When the scheme u/s 74 for avoiding a show cause notice is one that is optional to an assessee, the assessee has either to opt for it or look away from it. If assessee opts for the scheme, assessee has to comply with the terms under which the option is made available under the statute. Assessee cannot seek a variation of the said scheme. - HC
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
